Why is the lifting of non-compete restrictions necessary?

According to Article 209 of the Company Act, directors must obtain shareholder approval before serving on the board of a competing company.

What does this approval allow?

It allows the named directors to legally hold concurrent positions in other firms, facilitating decision-making within the group.

Is this negative news?

No, it is a standard compliance procedure and a routine part of corporate governance.

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[HannStar] Shareholders approved the lifting of non-compete restrictions for directors

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HannStar Board of Directors announced that at the shareholders' meeting on May 20, 2026, the lifting of non-compete restrictions for director Chiao Yu-Chi and corporate director representative Lo Hui-Ping was approved.

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Frequently Asked Questions

Q: Why is the lifting of non-compete restrictions necessary?: A: According to Article 209 of the Company Act, directors must obtain shareholder approval before serving on the board of a competing company.
Q: What does this approval allow?: A: It allows the named directors to legally hold concurrent positions in other firms, facilitating decision-making within the group.
Q: Is this negative news?: A: No, it is a standard compliance procedure and a routine part of corporate governance.